Civic Intelligence

Memphis Challenge Inc.

990 • Fiscal year 2023 • EIN 62-1400107

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Organization ProfileWWW.MEMPHISCHALLENGE.ORG
17 West Pontotoc Avenue 100Memphis, TN 38103

(901) 685-5455

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

27th percentile

-10%

Higher net margin than 27% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

99th percentile

$118,549

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 38.3% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

24th percentile

-19%

Faster asset growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

43rd percentile

-0.8%

Faster revenue growth than 43% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$143,052

Down $32,546 (-19%) from 2022

Net Assets

Down

$143,052

Down $31,546 (-18%) from 2022

Liabilities

Down

$0

Down $1,000 (-100%) from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin27th percentile

Revenue

Down

$309,907

Down $2,525 (-0.8%) from 2022

Expenses

Down

$341,453

Down $1,791 (-0.5%) from 2022

Net Income

Down

-$31,546

Down $734 (-2.4%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0-$100KAssets 2014: $107,269Liabilities 2014: $1,454Net Assets 2014: $105,8152014Assets 2015: $148,915Liabilities 2015: $1,394Net Assets 2015: $147,5212015Assets 2016: $172,868Liabilities 2016: $1,601Net Assets 2016: $171,2672016Assets 2017: $173,551Liabilities 2017: $24Net Assets 2017: $173,5272017Assets 2018: $162,127Liabilities 2018: $55Net Assets 2018: $162,0722018Assets 2019: $103,631Liabilities 2019: -$450Net Assets 2019: $104,0812019Assets 2020: $88,171Liabilities 2020: $39,744Net Assets 2020: $48,4272020Assets 2021: $204,689Liabilities 2021: -$721Net Assets 2021: $205,4102021Assets 2022: $175,598Liabilities 2022: $1,000Net Assets 2022: $174,5982022Assets 2023: $143,052Liabilities 2023: $0Net Assets 2023: $143,0522023Assets 2024: $172,482Liabilities 2024: $0Net Assets 2024: $172,4822024

Highlighted filing

2023

Assets$143,052
Liabilities$0
Net Assets$143,052
Open 2023 Filing

Operations Trend

Revenue Growth43rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2014: $181,748Expenses 2014: $265,935Net Income 2014: -$84,1872014Revenue 2015: $305,015Expenses 2015: $263,311Net Income 2015: $41,7042015Revenue 2016: $321,940Expenses 2016: $298,194Net Income 2016: $23,7462016Revenue 2017: $282,152Expenses 2017: $279,892Net Income 2017: $2,2602017Revenue 2018: $310,544Expenses 2018: $321,999Net Income 2018: -$11,4552018Revenue 2019: $250,145Expenses 2019: $308,136Net Income 2019: -$57,9912019Revenue 2020: $211,190Expenses 2020: $266,842Net Income 2020: -$55,6522020Revenue 2021: $382,346Expenses 2021: $225,363Net Income 2021: $156,9832021Revenue 2022: $312,432Expenses 2022: $343,244Net Income 2022: -$30,8122022Revenue 2023: $309,907Expenses 2023: $341,453Net Income 2023: -$31,5462023Revenue 2024: $357,898Expenses 2024: $328,468Net Income 2024: $29,4302024

Highlighted filing

2023

Revenue$309,907
Expenses$341,453
Net Income-$31,546
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$309,907
Mission and Program Overview

Mission

The goal of memphis challenge is to ensure the region's most talented minority students bring their education, expertise, and connections back to memphis.

THE PURPOSE OF MEMPHIS CHALLENGE IS TO MATCH GIFTED, BUT UNDER-REPRESENTED MEMPHIS HIGH SCHOOL students of color with top-tier colleges and universities and scholarship offerings offered by prestigious colleges and universities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$174,598$143,052▼ $31,546
Cash and Non-Interest-Bearing Accounts$173,998$139,952▼ $34,046
Accounts Receivable-$1,500-
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$175,598$143,052▼ $32,546
Other Assets Total$1,600$1,600→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,000$0▼ $1,000
Other Liabilities$0$0→ $0
Total Liabilities$1,000$0▼ $1,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$174,598$143,052▼ $31,546
Total Liabilities and Net Assets / Fund Balance$175,598$143,052▼ $32,546

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$12,477$12,477
Equipment$0$4,826$4,826
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseTotal
-Executive DirectorPT$118,549$118,549

Board Members and Trustees

NameTitle
-Chairman
-President
-Director
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$304,206
Program Service Revenue
$5,622
Investment Income
$0
Other Revenue
$79
All Other Contributions
$304,206
Change in Net Assets
$-31,546
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$262,674
Other Expenses$74,779
Total Fundraising Expense$20,855
Grants and Similar Amounts Paid$4,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$77,057$29,637$11,855$118,549
Other Salaries and Wages$76,523$32,795-$109,318
Fees for Services Legal$15,974$6,846-$22,820
Other Employee Benefits$12,500$5,357-$17,857
Payroll Taxes$11,865$5,085-$16,950
Other Expenses$4,091$1,753$9,000$9,000
All Other Expenses$4,478$1,919$0$6,397
Office Expenses$4,164$1,785-$5,949
Grants to Domestic Individuals$4,000--$4,000
Fees for Services Accounting$1,757$753-$2,510
Insurance$1,701$729-$2,430
Fees for Services Other$1,373$588$0$1,961
Advertising$1,245$533-$1,778
Conferences and Meetings$1,236$530-$1,766
Occupancy$1,218$522-$1,740
Interest$106$45-$151
Total Functional Expenses$227,991$92,607$20,855$341,453
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B Review of form 990 by governing body

“A copy of the return was distributed for review.”

Form 990, Part VI, Line 12C Conflict of interest policy

“UPON REQUEST.”

Form 990, Part VI, Line 15A Process to establish compensation of top management official

“UPON REQUEST.”

Form 990, Part VI, Line 15B Process to establish compensation of other employees

“UPON REQUEST.”

Form 990, Part VI, Line 19 Required documents available to the public

“AVAILABLE BY REQUEST.”

Filing and Contact Details

Filer

Filer Name
Memphis Challenge Inc
EIN
62-1400107
Phone
9016855455
Address
17 West Pontotoc Avenue 100, Memphis, TN 38103

Signing Officer

Name
Corie Rivers
Title
Treasurer
Phone
9016855545
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1989
Legal Domicile
Tn
Voting Board Members
15
Independent Board Members
15
Employees
5
Volunteers
0

Preparer

Firm
Forvis Mazars LLP
Address
500 Ridgefield Court, Asheville, NC 28806
Preparer
LaKrisha Castleberry
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“Students of color with top-tier colleges and universities and scholarship offerings offered by prestigious colleges and universities.”

Raw XML AppendixShowing 400 of 496 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01000
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt01500
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE PURPOSE OF MEMPHIS CHALLENGE IS TO MATCH GIFTED, BUT UNDER-REPRESENTED MEMPHIS HIGH SCHOOL students of color with top-tier colleges and universities and scholarship offerings offered by prestigious colleges and universities.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0533
IRS990/AdvertisingGrp/ProgramServicesAmt01245
IRS990/AdvertisingGrp/TotalAmt01778
IRS990/AllOtherContributionsAmt0304206
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01919
IRS990/AllOtherExpensesGrp/ProgramServicesAmt04478
IRS990/AllOtherExpensesGrp/TotalAmt06397
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Corie Rivers CPA
IRS990/BooksInCareOfDetail/PhoneNum09016855455
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt017 WEST PONTOTOC AVENUE 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0MEMPHIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd038103
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0174598
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0143052
IRS990/CashNonInterestBearingGrp/BOYAmt0173998
IRS990/CashNonInterestBearingGrp/EOYAmt0139952
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt011855
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt029637
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt077057
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0118549
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0530
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01236
IRS990/ConferencesMeetingsGrp/TotalAmt01766
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0304206
IRS990/CYGrantsAndSimilarPaidAmt04000
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt074779
IRS990/CYOtherRevenueAmt079
IRS990/CYProgramServiceRevenueAmt05622
IRS990/CYRevenuesLessExpensesAmt0-31546
IRS990/CYSalariesCompEmpBnftPaidAmt0262674
IRS990/CYTotalExpensesAmt0341453
IRS990/CYTotalFundraisingExpenseAmt020855
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0309907
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0THE JR. MEMPHIS AND MEMPHIS CHALLENGE PROGRAM PROVIDES UNDER REPRESENTED HIGH ACHIEVING STUDENTS OF COLOR AN OPPORTUNITY TO DEVELOP BEYOND. MEMPHIS CHALLENGE OFFERS MONTHLY WORKSHOPS FOR 9TH, 10TH, 11TH, AND 12TH GRADE STUDENTS FROM COUNTY, CHARTER, AND PRIVATE SCHOOLS. EACH WORKSHOP SERVES TO BUILD A FOUNDATION OF SUCCESS AND LAYERS THE STUDENTS WITH SELF CONFIDENCE AND MOTIVATION TO SUCCEED. CURRENTLY, THERE ARE MORE THAN 500 MEMPHIS CHALLENGE ALUMNI WHO NOW SERVE THE COMMUNITY AS ATTORNEYS, EDUCATORS, PHYSICIANS, DIRECTORS, EXECUTIVES, AND ENTREPRENEURS (55 PERSONS BENEFITED).
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0224841
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0753
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01757
IRS990/FeesForServicesAccountingGrp/TotalAmt02510
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt06846
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt015974
IRS990/FeesForServicesLegalGrp/TotalAmt022820
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0588
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt01373
IRS990/FeesForServicesOtherGrp/TotalAmt01961
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1530.0
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0BRYAN J BARRINGER
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt1CHARLIE PLEAS IIII
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt2CORIE RIVERS
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt3DONNA T SANDERS
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt4DR ESMOND ARRINDELL
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt5DR OTIS ANDERSON III
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt6DR RYCHETTA WATKINS
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt7DR XIANGEN HU
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt8GABRIELLE DYCUS
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt9JR HYDE III
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt10LANI D LESTER
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt11PAMELA SHIELDS
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt12RUBY BRIGHT
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt13WARREN RICHEY
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt14WENDY SUMNER-WINTER
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt15CASSANDRA WEBSTER
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15118549
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantAmt04000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt04000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt04000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0309907
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0729
IRS990/InsuranceGrp/ProgramServicesAmt01701
IRS990/InsuranceGrp/TotalAmt02430
IRS990/InterestGrp/ManagementAndGeneralAmt045
IRS990/InterestGrp/ProgramServicesAmt0106
IRS990/InterestGrp/TotalAmt0151
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt017303
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt017303
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0THE GOAL OF MEMPHIS CHALLENGE IS TO ENSURE THE REGION'S MOST TALENTED MINORITY STUDENTS BRING THEIR EDUCATION, EXPERTISE, AND CONNECTIONS BACK TO MEMPHIS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0174598
IRS990/NetAssetsOrFundBalancesEOYAmt0143052
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0522
IRS990/OccupancyGrp/ProgramServicesAmt01218
IRS990/OccupancyGrp/TotalAmt01740
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01785
IRS990/OfficeExpensesGrp/ProgramServicesAmt04164
IRS990/OfficeExpensesGrp/TotalAmt05949
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01600
IRS990/OtherAssetsTotalGrp/EOYAmt01600
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05357
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012500
IRS990/OtherEmployeeBenefitsGrp/TotalAmt017857
IRS990/OtherExpensesGrp/Desc0OTHER PROGRAM EXPENDITURES
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2TRAINING EXPENSE
IRS990/OtherExpensesGrp/Desc3FUNDRAISER EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt09000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01560
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12170
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21753
IRS990/OtherExpensesGrp/ProgramServicesAmt03640
IRS990/OtherExpensesGrp/ProgramServicesAmt15063
IRS990/OtherExpensesGrp/ProgramServicesAmt24091
IRS990/OtherExpensesGrp/TotalAmt05200
IRS990/OtherExpensesGrp/TotalAmt17233
IRS990/OtherExpensesGrp/TotalAmt25844
IRS990/OtherExpensesGrp/TotalAmt39000
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt079
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt079
IRS990/OtherRevenueTotalAmt079
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt032795
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt076523
IRS990/OtherSalariesAndWagesGrp/TotalAmt0109318
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05085
IRS990/PayrollTaxesGrp/ProgramServicesAmt011865
IRS990/PayrollTaxesGrp/TotalAmt016950
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0CASSANDRA WEBSTER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05622
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05622
IRS990/ProgSrvcAccomActy2Grp/Desc0SOLE (SUMMER ONLINE LEARNING EXPERIENCE) IS A VIRTUAL MATH ACADEMY THAT IS OFFERED FOR STUDENTS IN GRADES 3-12 DURING THE SUMMER TO COMBAT SUMMER SLIDE (LEARNING LOSS). SOLE IS POWERED THRU ALEK SOFTWARE. MEMPHIS CHALLENGE OFFERS WEEKLY PARENT UPDATES AND IS BUILDING A COMMUNITY OF STEM (SCIENCE, TECHNOLOGY, ENGINEERING, MATH) ENTHUSIASTS (155 PERSONS BENEFITED).
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03150
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt03847
IRS990/ProgSrvcAccomActy3Grp/Desc0THE 9/10 MOVEMENT PREPARES INCOMING FRESHMEN AND SOPHOMORES FOR THE RIGORS OF HIGH SCHOOL AND THE IMPORTANCE OF ACADEMICS. THE 9/10 MOVEMENT FOCUSES ON HOW TO CONNECT THE DOTS OF LIFE, EDUCATION, CAREER, AND ASPIRATIONS. THE 9/10 MOVEMENT ALLOWS STUDENTS TO BUILD RELATIONSHIPS AND FEEL COMFORTABLE OUTSIDE THEIR ENVIRONMENTS, EXPOSING THEM TO CIVIC LEADERS AND BUSINESSES AROUND THE REGION (MORE THAN 350 PERSONS BENEFITED). THE 9/10 MOVEMENT SERVES AS A PIPELINE FOR THE JUNIOR AND SENIOR CHALLENGER PROGRAMS. SINCE LAUNCHING THE 9/10 MOVEMENT, IN 2014, MORE THAN 40% OF THE STUDENT PARTICIPANTS HAVE CONTINUED WITH THE PROGRAM FOR FOUR YEARS. (140 STUDENTS OVER THE PAST 10 YEARS)
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0308563
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt04000
IRS990/PYOtherExpensesAmt054987
IRS990/PYOtherRevenueAmt0256
IRS990/PYProgramServiceRevenueAmt03613
IRS990/PYRevenuesLessExpensesAmt0-30812
IRS990/PYSalariesCompEmpBnftPaidAmt0284257
IRS990/PYTotalExpensesAmt0343244
IRS990/PYTotalRevenueAmt0312432
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-31546
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01854
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0BELOW IS THE EVALUATION OF THE 10% FACTS AND CIRCUMSTANCES TEST IN ACCORDANCE TO REGULATION SECTION 1.107A-9(F)(3): (I) THE PUBLIC SUPPORT PERCENTAGE IS 24.52% WHICH IS IN EXCESS OF 10%. (II) MEMPHIS CHALLENGE, INC. ACTIVELY SOLICITS CONTRIBUTIONS ON ITS WEBSITE AND HAS STARTED SOLICITING CONTRIBUTIONS USING NETWORK FOR GOOD. (III) OTHER FACTS AND CIRCUMSTANCES: A. MEMPHIS CHALLENGE, INC.'S BOARD OF DIRECTORS CONSISTS OF A VARIETY OF PROFESSIONALS OF THE COMMUNITY. B. MEMPHIS CHALLENGE, INC. PROVIDES ITS LEADERSHIP AND PROFESSIONAL DEVELOPMENT PROGRAMS TO HIGH SCHOOL STUDENTS OF COLOR FREE OF CHARGE. C. THE FOLLOWING LINK PROVIDES STUDENT TESTIMONIALS ON THE IMPACT OF THE PROGRAMS ON THEM: HTTPS://MEMPHISCHALLENGE.ORG/WHY-MC/
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1DESCRIPTION - OTHER INCOME, COLUMN A - 3971.0, COLUMN B - 1993.0, COLUMN C - 921.0, COLUMN D - 256.0, COLUMN E - 79.0, COLUMN F - 7220.0;
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 17a
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Schedule A, Part II, Line 10 Other Income
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0304206
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0308563
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0378832
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0206448
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0207683
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01405732
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt036062
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt079
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0256
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0921
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01993
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt03971
IRS990ScheduleA/OtherIncome170Grp/TotalAmt07220
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.2452
IRS990ScheduleA/PublicSupportPY170Pct00.3105
IRS990ScheduleA/PublicSupportTotal170Amt0346509
IRS990ScheduleA/SubstantialContributorsTotAmt01059223
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0304206
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0308563
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0378832
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0206448
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0207683
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01405732
IRS990ScheduleA/TotalSupportAmt01412952
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04826
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04826
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012477
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012477
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$143,052
Liabilities
$0
Net assets
$143,052
Revenue
$309,907
Expenses
$341,453
Net income
-$31,546
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.00$1.72$3.58$3.28$0.29
2023Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$3.10$3.41$0.32
2022Detailed filing. Detailed filing data is available for this year.$1.76$0.01$1.75$3.12$3.43$0.31
2021Detailed filing. Detailed filing data is available for this year.$2.05$0.01$2.05$3.82$2.25$1.57
2020Detailed filing. Detailed filing data is available for this year.$0.88$0.40$0.48$2.11$2.67$0.56
2019Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$2.50$3.08$0.58
2018Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$3.11$3.22$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$2.82$2.80$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.73$0.02$1.71$3.22$2.98$0.24
2015Detailed filing. Detailed filing data is available for this year.$1.49$0.01$1.48$3.05$2.63$0.42
2014Detailed filing. Detailed filing data is available for this year.$1.07$0.01$1.06$1.82$2.66$0.84